5 ms·
This article highlight a really interesting point here: Trust. And even if there are the “proof-of-work” people are going to distrust that “it’s a mathematica
by he0001 9y ago
This article highlight a really interesting point here:
Trust.
And even if there are the “proof-of-work” people are going to distrust that “it’s a mathematical proof”. Just look at Trumps alt-facts and “fake news”. You don’t need to go even that far to find people putting money under the mattress because they distrust authorities. And even if math is “universal” people are going to mistrust it because they don’t understand it. I don’t think they will ever trust bitcoin. And I think they are in a majority.
- webmaven 9y agoAnd when the mattresses are being stuffed with fiat currency, the utter lack of cognitive dissonance becomes striking. To a lesser degree, the same goes for "keep the government out of my Medicare".